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Peak Technologies made an entry to write off a $3,200 uncollectible account. Before the entry, the balance in accounts receivable was $95,000, and the balance in the allowance for doubtful accounts was $8,000. What is the net realizable value of accounts receivable after the write-off entry?

Peak Technologies made an entry to write off a $3,200 uncollectible account. Before the entry, the balance in accounts receivable was $95,000, and the balance in the allowance for doubtful accounts was $8,000. What is the net realizable value of accounts receivable after the write-off entry?

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter16: Accounting For Accounts Receivable
Section: Chapter Questions
Problem 1CE
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Can you explain this financial accounting question using accurate calculation methods?

Peak Technologies made an entry to write off a $3,200 uncollectible account. Before the entry, the balance in accounts receivable was $95,000, and the balance in the allowance for doubtful accounts was $8,000. What is the net realizable value of accounts receivable after the write-off entry?
Transcribed Image Text:Peak Technologies made an entry to write off a $3,200 uncollectible account. Before the entry, the balance in accounts receivable was $95,000, and the balance in the allowance for doubtful accounts was $8,000. What is the net realizable value of accounts receivable after the write-off entry?
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